Crowdfunding takes another step forward

By: Jim Pettinger

The modern era of “crowdfunding” started with the JOBS act, signed into law by President Obama in 2012. Since that date, multiple websites have been launched to support funding drives, and billions of dollars have been raised by entrepreneurs, generally preselling their products. (For a great recent example, see Alinker on Indiegogo.) Now (as of March 2016), the concept has been extended to allow those earning less than $100,000 a year or people with a net worth lower than that the opportunity to invest in small businesses and startups. Naturally, there will be much discussion regarding options and strategies, but it may well extend the opportunity of venture investing and venture fundraising to smaller investors and smaller ventures. For a good initial series of articles, see the Entrepreneur magazine website.

Subscribe to our TradeTips Newsletter for the latest import/export events and trade news and/or follow us on Twitter @UCanTrade.

TradeTips blog is published by UCanTrade, Inc., your cross-border experts since 1984.

UCanTrade
Website: www.UCanTrade.com
Phone: 360-380-6900
Email: info@UCanTrade.com
Twitter: @UCanTrade

“How Exporters do Better”

Research presented by Export Development Canada (EDC) suggests small to medium sized businesses, regardless of their success domestically, will ‘do even better’ if they export.  Among the potential benefits that their research showed were fast growth and a high rate of return on both revenue and investment.  Click this link to read their complete article, “How Exporters do Better.”

(Additional reading: Selling to Americans – Risks and Rewards)

TradeTips blog is published by UCanTrade, Inc., your cross-border experts since 1984.

Subscribe to our TradeTips Newsletter for the latest import/export events and trade news, and/or call us at (360) 380-6900.

UCanTrade
Website: www.UCanTrade.com
Phone: 360-380-6900
Email: info@UCanTrade.com
Twitter: @UCanTrade

(Source)

The USA is ‘HOT’!

By: Jim Pettinger

In his weekly commentary, Peter G. Hall, Vice President and Chief Economist of Export Development Canada (EDC), suggests that the USA is “hot”, and “indicators suggest there is still a lot of runway”.  Further, he points out that not all states are equal. Some present even more opportunity than others. For more detail, read Peter’s entire may 19, 2016 commentary on the EDC website.

Learn more about doing business in the USA at UCanTrade’s Resources & Helpful Articles pages.

Subscribe to our TradeTips Newsletter for the latest import/export events and trade news and/or follow us on Twitter @UCanTrade.

TradeTips blog is published by UCanTrade, Inc., your cross-border experts since 1984.

UCanTrade
Website: www.UCanTrade.com
Phone: 360-380-6900
Email: info@UCanTrade.com
Twitter: @UCanTrade

UberRUSH expanding options for courier delivery

By: Jim Pettinger, President and CEO at UCanTrade, Inc.

Along with Amazon, Google and others, Uber has entered the market to provide low-cost local delivery service.  According to its website, “When you tap into the UberRUSH network, you pay only for the deliveries you make.  Nothing more.  And because couriers don’t need to make round trips, you can actually expand your delivery zone.”  Although possibly making UPS and FedEx a little nervous, like ride-hailing, the more likely outcome will be an overall increase in the volume of users and uses.  Additional info can be found in this article published by The Verge.

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TradeTips blog is published by UCanTrade, Inc., your cross-border experts since 1984.

UCanTrade
Website: www.UCanTrade.com
Phone: 360-380-6900
Email: info@UCanTrade.com
Twitter: @UCanTrade

You Can Trade! We Want To Help.

At UCanTrade, Inc., we exist to help Canadian companies market and distribute their goods and services profitably to the U.S.A.  We aim to assist them in removing any ‘border barriers’ and to provide them with a low cost, fully equipped and fully staffed extension of their Canadian office on the American side of the border.

U.S. based third-party logistics (3PL) service providers, like UCanTrade, Inc., offer Canadian exporters many benefits. Here’s a list of our ‘Top Ten’:

  1. Reduce Operating Costs: Our shared resources can save you as much as 80% of the cost of setting up an independent office.
  2. Increase Marketing Productivity: By delegating the “back-end” of their business to UCanTrade, our clients increase their USA marketing productivity by up to 20% or more.
  3. Improve Prospect Response: A U.S. office will increase sales response, enhance your credibility, and generate confidence.
  4. Increase Sales: By responding to orders and inquiries from your U.S. office you can reduce response time, significantly increasing your selling effectiveness.
  5. Save Time: We know who you have to talk to, what you have to do, what steps you must take to do business in the U.S. We can save you many hours of legwork.
  6. Fast, Easy Startup: With UCanTrade, you literally have an instant office and staff in the U.S., so you can begin operations immediately.
  7. Maintain Control: Our offices are 15 minutes from the border, allowing you to stay in close contact and maintain tight control over U.S. operations.
  8. Minimize Taxes: U.S. federal and state taxes may be avoided or reduced by contracting with UCanTrade instead of establishing an independent office.
  9. Reduce Effect of Exchange Rates: Lower cost U.S. services can be paid with dollars generated by U.S. sales, thus eliminating the exchange rate penalty.
  10. Learn From Others Dealing with Same Problems: UCanTrade has established a community of Canadian entrepreneurs, allowing you to benefit from the experience of others.

Learn how Canadians can earn US dollars (USD) as ‘non-resident importers’ and find additional helpful articles about expanding a business into the U.S.A. here: http://ucantrade.com/articles

TradeTips blog is published by UCanTrade, Inc., your cross-border experts since 1984.

Subscribe to our TradeTips Newsletter for the latest import/export events and trade news, and/or call us at (360) 380-6900.

UCanTrade
Website: www.UCanTrade.com
Phone: 360-380-6900
Email: info@UCanTrade.com
Twitter: @UCanTrade

“Merry Christmas” (it’s just around the corner)

By: Jim Pettinger, President and CEO of UCanTrade, Inc.

The fall (and summer) of 2016 promises to be a banner season for Canadian entrepreneurs and businesses to capitalize on the continuing favorable Canada/USA exchange rate.  Whether you are an entrepreneur with items to sell on eBay or Amazon, or a business with products to sell to other businesses or to U.S. federal, state or local governments, or a BC retailer or tourism operator offering great deals to American visitors, NOW is the time to start planning your marketing strategy.

Canadian Exports To USA

US Sales = More Loonies

There are many positive signs and signals, including: Trudeau’s amazing welcome in Washington, continuing low oil and commodity prices, the awakening of Americans to the plight (and buying opportunity) of the weak loonie, the increase in the limit for “informal” customs entries into the U.S., and the recently reported expiration of exchange hedges bought by larger Canadian businesses.  Don’t be left holding the bag (of loonies).

Subscribe to our TradeTips newsletter HERE and stay current on upcoming BC / WA Trade Events and Cross-Border News.

TradeTips blog is published by UCanTrade, Inc., your cross-border experts since 1984.

UCanTrade
Website: www.UCanTrade.com
Phone: 360-380-6900
Email: info@UCanTrade.com
Twitter: @UCanTrade

Selling to Americans – Risks and Rewards

Canadians know they’ll pay more when they shop in the states, but interestingly few consider the opposite scenario, which is how much they could earn by selling in the states.  Even with border clearance costs, Canadians can earn 20% or more on their US sales (Exchange Rate Calculator).

The opportunity to export and sell goods to the American market, offers Canadian business owners a lucrative means of offsetting subsequently higher costs of goods sold (many use US suppliers) as well as provide a growth strategy outside the Canadian market.  (Ref. Online US Sales Help Canadian Retailers Cope With Low Loonie)
Earn More on US Sales
One Alberta-based manufacturing company, whose sales had ‘plateaued’, made the decision to sell to the U.S. and his company ‘literally doubled its sales in just over three years’.  While the owner, a mechanical engineer, admits there were ‘hoops’, risks and the paperwork required patience, in the end he found it was well worth the effort.

Learn how Canadians can earn US dollars (USD) as ‘non-resident importers’ and find additional helpful articles about expanding a business into the U.S.A. here: http://ucantrade.com/articles

TradeTips blog is published by UCanTrade, Inc., your cross-border experts since 1984.

Subscribe to our TradeTips Newsletter for the latest import/export events and trade news, and/or call us at (360) 380-6900.

UCanTrade
Website: www.UCanTrade.com
Phone: 360-380-6900
Email: info@UCanTrade.com
Twitter: @UCanTrade

(Source)

Know Before You Go

By: Jim Pettinger, President & CEO of UCanTrade, Inc.

The “Know Before You Go” slogan is familiar to most Canadians (and some Americans). Along with “I declare” (Je déclare), it reminds us to make sure we know our obligations at the border when traveling. However, when planning to expand your Canadian business into the USA, it’s important to understand two more specific initial obligations relating to both persons and goods. (Dealing with certain other obligations can usually be deferred until your USA business venture gains a foothold.)

First, make sure you know your (or your employee’s) status as a “temporary business visitor”. The last thing you want is to have your (or your employee’s) name and/or license plate entered into the DHS database (or worse, to be instantly and arbitrarily banned from ever entering the U.S. again!). And second, make sure you have a 100% understanding of U.S. Customs (and related agencies) “release” requirements for any goods (and packing materials) you intend to import into the USA from either Canada or offshore (e.g., products, samples, marketing materials, trade show booths, etc.).

U.S. Customs penalties can be enormous and, worse, you don’t want to lose all those precious initial orders because you can’t deliver your first container/pallet/carton of product.

For more, please view/print Ten Tips for Better Border Business.

TradeTips blog is published by UCanTrade, Inc., your cross-border experts since 1984.

UCanTrade
Website: www.UCanTrade.com
Phone: 360-380-6900
Email: info@UCanTrade.com
Twitter: @UCanTrade

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B.C. Businesses Cut Cross-Border Costs

“Canadian companies want to consolidate several small shipments into a larger one to minimize customs clearance costs,” says Jim Pettinger, UCanTrade, Inc.’s president and CEO. “This is where UCanTrade can step in and provide cross docking services and work in conjunction with our client’s U.S. Customs Broker to expedite this process at a low cost.”

Further, UCanTrade’s state-of-the-art warehouse and shipping facility, conveniently located on I-5 only 10 minutes (24 km) from the border in Blaine, WA, is strategically positioned to help British Columbia businesses save money. Our cross-docking, ‘pick-and-pack’ and third party logistics (3PL) services, combined with years of cross-border experience, give our clients a competitive advantage. By eliminating the border, Canadian businesses lower their shipping and handling costs whereby increasing their profits.

Noteworthy, if you are making acquisitions in the United States, ask your vendor if they offer free delivery to addresses in the U.S.  If they do, call us for cross-docking services and you could save thousands on freight fees and international shipping charges.

Get in touch with the logistics experts at UCanTrade, Inc. today, and find out how your company can save money with cross-border cross-docking and 3PL services.

TradeTips blog is published by UCanTrade, Inc., your cross-border experts since 1984.

UCanTrade
Website: www.UCanTrade.com
Phone: 360-380-6900
Email: info@UCanTrade.com
Twitter: @UCanTrade

Subscribe HERE to receive our TradeTips Newsletter – Cross-Border News & Upcoming Events in the Pacific Corridor

What in the world is Amazon doing now?

By: Jim Pettinger, President & CEO of UCanTrade, Inc.

Spend a little time on Google and you will soon discover that Amazon is slowly but surely expanding its logistics reach both vertically and horizontally. Vertically, by investing in ships, planes, trucks, drones and warehouses, and horizontally by establishing operations around the globe from Europe to Asia and beyond. And besides all that, they are tying it all together with a staggering array of “web services”.

Order fulfillment and international logistics services.

A recent example is their expansion into ocean freight forwarding as reported recently in this article distributed by Reuters. As a former stockbroker, I remain amazed how Amazon can make this happen with a reported P/E ratio over 500 as compared to Apple at a paltry P/E of about 15. Perhaps this article in Yahoo! Finance will clear it up for you.

TradeTips blog is published by UCanTrade, Inc., your cross-border experts since 1984.

UCanTrade
Website: www.UCanTrade.com
Phone: 360-380-6900
Email: info@UCanTrade.com
Twitter: @UCanTrade

Subscribe HERE to receive our TradeTips Newsletter – Cross-Border News & Upcoming Events in the Pacific Corridor